Free Markets and Social Justice

Descriere

Sunstein presents a wide-ranging analysis of free markets and their limits, and discussion of law and economics as a field. He explores free markets and social justice in three main parts. The first part deals with foundations - the appropriate role of existing preferences, the importance of social norms, the question whether human goods are commensurable, and issues of distributional equity. Part Two deals with rights, showing that markets have only a partial but instrumental role in the protection of rights. The third part deals with regulation, developing approaches that would promote both economic and democratic goals, especially in the context of risks to life and health. This book raises a number of questions about economic analysis of law in its conventional form.